Build Locally, Borrow Locally
Snapped right before the recent opening Vivante on the Coast in Costa Mesa: Nexus Cos CEO Curt Olson, Bank of America Merrill Lynch VP Allen Staff, VP Dean Parsons, and SVP Kevin Jennings, and Nexus Cos prez Cory Alder. Cory tells us that the total project cost for the seniors housing property, which was developed by Nexus, was about $62M. The company raised $22M from the local investment community, which he says shows the high value of the concept to those who live in Orange County. The additional $40M construction loan was financed by Bank of the West, and included participants such as Bank of America and Bank of Texas.